Tidewater Withdraws Restructuring Plan After Investor Pushback
Company Announcements

Tidewater Withdraws Restructuring Plan After Investor Pushback

Tidewater ( (TDW) ) has shared an update.

Tidewater Inc. aimed to restructure its debt by proposing amendments to the terms of its 10.375% senior unsecured bonds due 2028. They called for a meeting with bondholders to discuss these changes. However, after preliminary discussions indicated a lack of support, the company retracted its proposal and canceled the scheduled bondholders’ meeting.

See more data about TDW stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyTidewater downgraded to Outperform from Strong Buy at Raymond James
TheFlyTidewater management to meet virtually with BTIG
TheFlyClosing Bell Movers: Toast gains 19% afterhours after earnings beat
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App